Q3 Results At RBS To Benefit From $1.3 Billion Provision Release

With impairments being under $500 million for the first half of the year, and with the bank expected to release $1.3 billion in provisions in Q3, RBS will actually report a net recovery in loans for full year 2014. Besides the Ulster Bank operations, RBS will also release a sizable chunk of provisions related to the legacy businesses it is looking to dispose of.
Source: Markets